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Things to consider

There are many aspects to assessing a broker’s services in general, maybe even too many to list. Below, we’ll focus on the most important criteria that should be taken into account when determining whether a broker is good for beginners.

A beginner-friendly broker should have:

  • an excellent web and mobile trading platform
  • low fees
  • great educational tools
  • good customer service
  • an easy account opening process
  • low minimum deposit

Legitimacy is also very important, but since we recommend only legit brokers regulated by top-tier financial authorities, this is one thing you don’t have to worry about.

More and more people are looking to become a player on financial markets either as traders or investors. However, when researching the basics, it can be easy to feel overwhelmed by the sheer amount of information available online.

This is where BrokerChooser offers a helping hand. The reason is simple: choosing the right service, especially when you are taking your first steps in trading, is highly important.

In this article we’ll check whether J.P. Morgan Self-Directed Investing is the right choice for a starting trader.

Is J.P. Morgan Self-Directed Investing good for beginners
Is J.P. Morgan Self-Directed Investing good for beginners?

Based on our scoring methodology, J.P. Morgan Self-Directed Investing is a broker that we can recommend for beginners.

Let's take a look at its services one by one, following the criteria we set above, to get the whole picture.

  • 💻 J.P. Morgan Self-Directed Investing's web platform has some good things to offer: User-friendly. Good search function. Order confirmation. However, some things may not be suitable for beginners. Areas of improvement: No clear fee report available. No two-step (safer) login. Limited customizability (for charts, workspace).
  • 📱 Sadly, J.P. Morgan Self-Directed Investing's mobile platform is not its strongest side, but there are a few positive aspects to it: User-friendly. Good search function. Order confirmation. On the other hand, there are some things that could be improved: No two-step (safer) login. No price alerts. No Face ID login.
  • 💰 Fees are one of the most important aspects when it comes to trading and J.P. Morgan Self-Directed Investing does well in some areas: Low non-trading fees. Commission-free stock, ETF, fund and bond trades. However, charges may be higher compared to some competitors. Areas of improvement: Low fees like transaction costs may apply.
  • 🕖 An account opening process is great when it is seamless from the get-go. J.P. Morgan Self-Directed Investing does an excellent job in this area: Fast. Fully digital. No minimum deposit.
  • 📚 Educational videos. Good production quality. However, J.P. Morgan Self-Directed Investing's education materials could be improved.Areas of improvement: No demo account. No trading platform tutorial videos.
  • 📞 Fast response time. Relevant answers. Fast and relevant phone support. However, there is some room for improvement in J.P. Morgan Self-Directed Investing's customer service: No live chat. No 24/7 support. Secure message instead of email support.
  • 💰 Low minimum deposits and low-cost transactions are attractive for new traders. J.P. Morgan Self-Directed Investing's deposit and withdrawal processes have some good things to offer: No deposit fee. Quick deposit and withdrawal - within 3 days. Nevertheless, its services could be improved in other areas: Credit/Debit card not available. Only one account base currency. High wire withdrawal fee for external accounts.

Is J.P. Morgan Self-Directed Investing good for beginners
Overview of J.P. Morgan Self-Directed Investing's services

Let’s take an overall look at how J.P. Morgan Self-Directed Investing compares to its peers when it comes to platforms, fees, account opening and education tools. Our scores are on a scale of 1.0 to 5.0, from worst to best.

J.P. Morgan Self-Directed Investing services vs. similar brokers
J.P. Morgan Self-Directed Investing Vanguard Ally Invest
Web platform score 2.9 stars 3.4 stars 3.5 stars
Mobile platform score 3.9 stars 4.4 stars 3.3 stars
Fees Low Low Low
Account opening score 5.0 stars 4.2 stars 4.2 stars
Education score 2.5 stars 3.5 stars 3.5 stars
Customer service score 2.3 stars 4.5 stars 3.9 stars
Deposit and withdrawal score 2.2 stars 2.4 stars 2.1 stars

If you wish to read more about J.P. Morgan Self-Directed Investing, click 'Visit Broker' to go to the broker's website. We also have a detailed review of the broker that you can read by clicking on the 'More' button.

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Is J.P. Morgan Self-Directed Investing good for beginners
Is J.P. Morgan Self-Directed Investing legit?

We hear more and more stories each day about clients who lost their money to scammers from Telegram or through unregulated services. BrokerChooser only features brokers that have top-tier financial regulators. As such, J.P. Morgan Self-Directed Investing is a legit and trusted broker.

If you’d like to know more, check out our deeper dive into J.P. Morgan Self-Directed Investing's legitimacy.

Is J.P. Morgan Self-Directed Investing good for beginners
Where can I find more information?

If J.P. Morgan Self-Directed Investing is not the right broker for you, go ahead and check out our picks for Best Brokers for Beginners in 2022 for some alternatives.

Also, if you feel that some things weren’t clear when it comes to the brokerage world, no worries. We have lots of content to cover your questions. You can find our articles in the Education section of our site.

For example, if you want to know how to buy shares online and how the whole process works, there’s an article about that. If you’d like to learn more about investing in stocks or what short selling is, we have articles about these topics too.

We have also written a few materials that focus on recent events in the news, like what a short squeeze is.

We hope you found all of the information above useful. If you have any questions, we’d love to hear from you, just write to us at [email protected]. See you there!

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of content

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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